Mahanagar Gas IPO Opens on 21st June 2016

Discussion in 'IPOs And NFOs' started by Vidhi Khanna, Jun 18, 2016.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

    Joined:
    Mar 19, 2015
    Messages:
    354
    Likes Received:
    53
    Mahanagar Gas Limited is one of the largest city gas distribution (“CGD”) companies in India. Company has more than 20 years of experience in supplying natural gas in Mumbai and are presently the sole authorised distributor of compressed natural gas (“CNG”) and piped natural gas (“PNG”) in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra, India. Company is promoted by GAIL and BGAPH, each of who holds 49.75% of the Equity Shares. GAIL is a Maharatna public sector undertaking and the largest natural gas transmission company in India. BGAPH is headquartered in Singapore and is a part of the BG Group, an international exploration and production and LNG company.

    [​IMG]
    for the Issue Details
    [​IMG]
    for the IPO Note
     
  2. jfk123

    jfk123 New Member

    Joined:
    Apr 2, 2015
    Messages:
    2
    Likes Received:
    0
    It's a good IPL, promoters are good & reputed, but I feel it is a bit too high. It can be a long good term bet.
     
  3. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

    Joined:
    Mar 19, 2015
    Messages:
    354
    Likes Received:
    53
    Mahanagar Gas Limited (MGL), a JV between GAIL and British Gas, is coming with an IPO. Each promoter holds 45% stake and the rest is held by Govt of Maharashtra. Each of promoters is selling 12.34mn shares, total comprising 25% of the equity. Price band is Rs. 380‐421/share. MGL is a CGD player with operations in Mumbai, adjoining areas and Raigad. In FY16, MGL with a network of 4,646 km sold CNG through 188 CNG stations to 0.47 mn vehicle customers. It supplies PNG‐domestic to 0.86 mn households, PNG‐commercial to 2,866 customers and PNG‐industrial to 60 industrial companies.

    IndiaNivesh Research Report
     

    Attached Files:

  4. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

    Joined:
    Mar 19, 2015
    Messages:
    354
    Likes Received:
    53
    Mahanagar Gas : Step on the gas

    Good demand prospects and assured supply for a chunk of its business lend strength

    There is little not to like the initial public offer of city gas distributor Mahanagar Gas that opens on Tuesday. The company has near-monopoly in the supply of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai and surrounding areas.

    There is good growth potential, and government policy support assures cheap domestic gas supply for the chunk of its business. Volume and revenue growth have been healthy over the years, and the balance sheet is robust with negligible debt and tidy cash reserves.

    Click here
     
  5. New_Investor

    New_Investor Active Member

    Joined:
    Sep 5, 2015
    Messages:
    522
    Likes Received:
    176
    Srouta Mukherjee likes this.
  6. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

    Joined:
    Mar 28, 2015
    Messages:
    1,778
    Likes Received:
    718
    It looks like there will be gap up opening for IPO :)
     
  7. priya agrawal

    priya agrawal Member

    Joined:
    Jun 28, 2016
    Messages:
    61
    Likes Received:
    4
    Traders and invest and earn good returns by investing in good IPO's. List of recently launched IPO's can be availed and further market experts can be consulted whether to invest or not.
     
Loading...